Guernsey 100% Mortgage

The Guernsey 100% mortgage allows you to buy a property, up to the full value of the purchase price, with the support of a family guarantor. They would provide this by way of a guarantee secured against their own locally owned property. The maximum amount you can borrow is £500,000.
Refer a friend and receive up to £100 •
Loan to Value
Pay Rate
Minimum Loan
Loan to Value
Up to 100%*
Pay Rate
Minimum Loan from
Fixed rate of interest until 31 March 2029

Application fee: Fee free**

Early repayment charges: Year 1 – 5%
Year 2 – 4%
Year 3 – 3%
Year 4 – 2%
Year 5 – 1.5%

With effect from 5 February 2024

* Maximum borrowing amount is £500,000
** Limited time offer

Your home may be repossessed if you do not keep up repayments on your mortgage

  • Mortgage information

    Whilst many people would like to financially assist house buyers within their family they may not be able or wish to gift sufficient monies.

    The guarantee may be taken as a bond on a suitable property in Guernsey, such as a family home. The guarantee will be equivalent to 20% of the value of the property.

    Application is fee free, clients are to pay cost of valuation of security property and guarantor’s property.

  • Interest in Advance

    The interest Skipton charges for each month will be calculated and charged daily on a sum equal to the Loan on the day the Loan is advanced to the Borrower in the first month and, for each month thereafter, on a sum equal to the Loan on the last day of the previous month and will be debited to the Borrower’s Loan in advance on the day the Loan is advanced to the Borrower in the first month and on the first day of each month thereafter.

  • Fixed rates

    On fixed rate mortgages, lump sum payments of up to 10% may be made early without charge each year. For the purposes of this calculation, a year is defined as starting on the commencement of the loan and on the anniversary thereafter; the amount is up to 10% of the balance outstanding on that date. This facility cannot be rolled over into subsequent years if the facility is not used in any one year.

  • Product fees

    Product fees are non-refundable and must be paid on application.  Our mortgage products can be withdrawn at very short notice.

  • Do I qualify for a Guernsey 100% Mortgage?

    The Guernsey 100% Mortgage is a mortgage facility that is backed by a guarantor which you must be able to provide. The guarantor must be a family member who owns their own home. 

    Once you are in a position to provide a guarantor, we will be able to carry out an affordability assessment on you to determine your maximum borrowing capacity.  This is usually done in an appointment with one of our mortgage associates. They will discuss your circumstances, ingoings and outgoings and enter this information into our affordability calculator.  Once complete, the calculator will generate your maximum borrowing capacity.  Single applicants must earn a minimum of £36,000 per annum, while joint applicants must earn a minimum of £52,000 per annum collectively.

    The Mortgage Executive will also be able to offer an idea of what level of savings are required to cover the advocate fees, bond fees, document duty, court fees and lender fees.  These fees must be covered by the applicant and evidence of the available funds will be required as part of a mortgage application.

    Once issued with your agreement in principle you are then free to engage with agents and arrange viewings on suitable properties. For further information please read our Guernsey 100% Mortgage product guide

    Call to our friendly mortgage team on 01481 734 000 for a personal mortgage illustration and a decision in principle on how much you could borrow.

Mortgage Young Couple Hugging
Guernsey 100% Mortgage product guide
Skipton mortgage experts guide you through every step of your mortgage process from the initial enquiry all the way through to the property purchase.